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The government fixed the value of the Canadian dollar against the pound sterling ($4.43 buying and $4.47 selling) and also against the US dollar ($1.10 (US$0.9091) buying and $1.11 (US$0.9009) selling). The government also imposed strict currency controls on exchanges with foreign currencies, particularly the United States dollar.
List of circulating fixed exchange rate currencies
The pound (symbol £) was the currency of the Canadas until 1858. It was subdivided into 20 shillings ( s ), each of 12 pence ( d ). In Lower Canada, the sou was used, equivalent to a halfpenny. Although the £sd accounting system had its origins in sterling, the Canadian pound was never at par with sterling's pound .
Canadian dollar - Wikipedia ... Canadian dollar
Foreign exchange date conventions
List of countries by exchange rate regime
Exchange rate - Wikipedia ... Exchange rate
Reserve currency
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